GoviEx Uranium Inc. (TSXV: GXU, OTC: GVXXF) (OTCQB: GVXXF) (“GoviEx” or the “Firm”) is happy to announce that its beforehand introduced proposed settlement (the “Settlement”) with Tombador Iron Restricted (ASX: TI1) (“Tombador”) has been accomplished and GoviEx has change into a completely owned subsidiary beneath the Firms Act (British Columbia). The corporate has established a uranium exploration and improvement firm as a subsidiary of Tombadour and is anticipated to return to the official checklist of the Australian Securities Trade on or about 20 November 2025 beneath the identify Atomic Eagle Ltd. and the ticker image AEU.
The Association was accepted by GoviEx stockholders, warrant holders and choice holders (collectively, “GoviEx Safety Holders”) at a particular assembly of GoviEx Safety Holders (the “Assembly”) held on October 24, 2025. The association was accepted by roughly 98.7% of the votes solid by GoviEx stockholders, current in individual or by proxy, entitled to vote on the assembly, and by roughly 98.7% of the votes solid by GoviEx stockholders entitled to vote on the assembly. All GoviEx Securityholders collectively vote, and the variety of votes solid by all GoviEx Securityholders entitled to vote on the assembly, both current in individual or represented by proxy, considerably exceeds the required two-thirds majority. A closing courtroom order from the Supreme Courtroom of British Columbia was acquired on November 5, 2025.
Pursuant to this Settlement, every holder of GoviEx widespread inventory (a “GoviEx Share”) is entitled to obtain 0.2534 totally paid widespread shares of Tombador’s capital inventory in change for every GoviEx Share held (a “Consideration Share”). The Association additionally supplies for the issuance of Tombador various choices (the “Different Choice”) to GoviEx choice holders and warrant holders on comparable financial phrases.
GoviEx Shares are scheduled to be delisted from the TSX Enterprise Trade and the OTCQB Enterprise Market on the shut of enterprise on November 14, 2025. We can even apply to stop to be a reporting issuer in all Canadian jurisdictions by which we’re at the moment a reporting issuer.
Additional particulars relating to this Settlement can be found in GoviEx’s Administrative Data Round dated September 10, 2025, obtainable on SEDAR+ (www.sedarplus.ca).
Registered shareholders of GoviEx are reminded to finish and return a letter of transmittal to Computershare Investor Providers Inc. (the “Depositary”) together with any recommendation relating to inventory certificates or direct registration programs to be able to obtain consideration beneath this Settlement. Non-registered shareholders ought to contact their dealer or custodian for help in submitting their shares and receiving new Tonbador shares. A holding assertion shall be issued to every new holder of consideration shares. Different choice holding statements can even be distributed to GoviEx choice holders and warrant holders.
If you’re a stockholder of our file and have any questions relating to the transmittal, please contact the Depositary toll-free at 1-800-564-6253 (North America) or 1-514-982-7555 (exterior North America) or by electronic mail at corporateactions@computershare.com.
Neither TSX Enterprise Trade nor its Regulation Providers Supplier accepts accountability for the adequacy or accuracy of this launch.
About GoviEx Uranium Inc.
GoviEx (TSXV: GXU, OTC:GVXXF) (OTCQB: GVXXF) is a mineral assets firm centered on the exploration and improvement of uranium properties in Africa. GoviEx’s major goal is to change into a big uranium producer by way of the continued exploration and improvement of the Muntanga venture, which is licensed for mining in Zambia.
Cautionary Word Relating to Ahead-Trying Data
This information launch might include “forward-looking data” and “forward-looking statements” (collectively, “forward-looking statements”) throughout the that means of relevant securities legal guidelines. All data and statements apart from statements of present or historic reality contained on this information launch are forward-looking data. Ahead-looking statements are topic to varied dangers and uncertainties regarding sure components disclosed herein and elsewhere in GoviEx’s periodic filings with Canadian securities regulators. When used on this information launch, the phrases “intend,” “may,” “plan,” “estimate,” “count on,” “intend,” “might,” “may,” “ought to” and comparable expressions are forward-looking statements. The data offered on this doc is essentially a abstract and will not include all of the necessary data obtainable. Ahead-looking statements on this announcement embrace, however should not restricted to, statements relating to: The outcomes and results of the Association and associated issues embrace the delisting of GoviEx Shares from the TSX Enterprise Trade and the OTCQB Enterprise Market, GoviEx’s software to stop as a reporting issuer, and the re-inscription of Tombador’s widespread shares to the Official Listing of the Australian Securities Trade (“ASX”) beneath the identify Atomic Eagle Ltd. Though GoviEx believes that the expectations mirrored in such forward-looking statements are primarily based on affordable assumptions, it’s attainable that: There is no such thing as a assure that such expectations shall be achieved. Though such assumptions might show to be incorrect, they’re as follows: (i) Tombador might fulfill the ASX necessities for re-registration on the ASX Official Listing; (ii) Tombador will change its identify to Atomic Eagle Ltd. (iii) GoviEx’s shares shall be delisted from the TSX Enterprise Trade and the OTCQB Enterprise Market on November 14, 2025; (iv) GoviEx and Tombador’s plans and methods; (v) Atomic Eagle Ltd’s future efficiency; (vi) Present uranium upcycling will proceed and broaden. (vii) the continued integration of nuclear energy into electrical energy grids all over the world as a clear vitality various; (viii) the worth of uranium stays sufficiently excessive and the prices of pursuing GoviEx’s mining tasks stay sufficiently low to allow GoviEx to hold out its enterprise plans in a worthwhile method; Elements that would trigger precise outcomes to vary materially from expectations embrace: (i) the chance that Tombadour’s peculiar shares might not be re-registered on the official checklist of the ASX beneath the identify of Atomic Eagle Ltd, or in any respect; (ii) failure to comprehend the anticipated advantages of this Settlement; (iii) if for any purpose we’re unable to hold out our deliberate exploration program; (iv) if for any purpose we’re unable to lift funds for Muntanga; (v) Regression within the uranium market worth. (vi) the shortcoming or unwillingness of main markets to introduce or improve nuclear energy era; (vii) potential delays attributable to new or persevering with well being or environmental restrictions; (viii) failure of GoviEx’s tasks for technical, logistical, labor relations, political or different causes; (ix) the worth of uranium falls under the worth essential to maintain GoviEx or Tombador’s operations; (x) GoviEx’s or Tombador’s working prices improve past the quantities crucial to keep up operations; (xi) the emergence of accidents, labor disputes, or comparable dangers; (xii) deterioration in capital market situations that forestall GoviEx or Tombador from acquiring crucial financing on a well timed foundation; (xiii) political instability within the jurisdictions by which GoviEx operates; (xiv) the shortcoming of GoviEx or Tombador typically to develop and execute a profitable marketing strategy for any purpose; As well as, the components described or referenced within the part entitled “Threat Elements” within the MD&A for the 12 months ended December 31, 2024 and the components described or referenced in GoviEx’s Annual Data Type for the 12 months ended December 31, 2024 (obtainable on the SEDAR+ web site www.sedarplus.ca) must be thought-about at the side of the data contained on this information launch. Though GoviEx has tried to determine necessary components that would trigger precise outcomes, efficiency or achievements to vary materially from these contained in forward-looking statements, there could also be different components that trigger outcomes, efficiency or achievements to not be as anticipated, estimated or supposed. There could be no assurance that such data will show to be correct or that administration’s expectations or estimates of future developments, situations or outcomes will materialize. Because of these dangers and uncertainties, no assurance could be on condition that the occasions anticipated by the forward-looking data on this information launch will really happen or will happen or as to what profit GoviEx will derive from such occasions, in the event that they happen. Accordingly, readers mustn’t place undue reliance on forward-looking statements. The forward-looking statements on this information launch are made as of the date of this information launch, and GoviEx disclaims any intention or obligation to replace or revise such data, besides as required by relevant regulation.
Consideration People:
The disclosures contained herein don’t represent a proposal to promote or a solicitation of a proposal to purchase any securities of GoviEx.
Protected Harbor Assertion beneath the Non-public Securities Litigation Reform Act of 1995: Aside from statements of historic reality contained herein, the data introduced constitutes “forward-looking statements” throughout the that means of the Non-public Securities Litigation Reform Act of 1995. Such forward-looking statements embrace, with out limitation, these referred to collectively as “forward-looking statements” within the “Cautionary Word Relating to Ahead-Trying Data.” uncertainties and different components that will trigger GoviEx’s precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements; There could be no assurance that such statements will show to be correct as precise outcomes, and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements.
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